Withdrawal from composition levy requires filing Form GST CMP-04 with prescribed details, verification and stock ITC via FORM GST ITC-01. Form GST CMP-04 is the prescribed intimation/application to withdraw from the composition levy; it requires GSTIN, legal and trade names, principal place of business, category of registered person, nature of business, jurisdiction, date from which withdrawal is sought, reasons for withdrawal, and a verification declaration by an authorised signatory. A stock statement may be furnished separately to claim input tax credit on pre-withdrawal stock using FORM GST ITC-01.
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Provisions expressly mentioned in the judgment/order text.
Withdrawal from composition levy requires filing Form GST CMP-04 with prescribed details, verification and stock ITC via FORM GST ITC-01.
Form GST CMP-04 is the prescribed intimation/application to withdraw from the composition levy; it requires GSTIN, legal and trade names, principal place of business, category of registered person, nature of business, jurisdiction, date from which withdrawal is sought, reasons for withdrawal, and a verification declaration by an authorised signatory. A stock statement may be furnished separately to claim input tax credit on pre-withdrawal stock using FORM GST ITC-01.
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